What are the Ways for Professionals to Get Work Visa in Singapore?
Singapore, being the top destination for commercial businesses and entrepreneurs looking to expand on an international level, attracts plenty of working professionals every year. The strong economy, low cost of living and positive work environment are some of the reasons why Singapore is considered the most preferred place for working. If you are planning to … Continue reading What are the Ways for Professionals to Get Work Visa in Singapore?
How Long Does It Take to Register a Company in Singapore?
Singapore is considered one of the best places in the world for doing business. Singapore’s strategic location, a competitive workforce, business-friendly ecosystem, quick registration process, attractive tax frames, and extensive trade agreements, make it the best place to register a company in Singapore . The time taken to register a company in Singapore is as … Continue reading How Long Does It Take to Register a Company in Singapore?
How to Choose a Company Name in Singapore
If you are planning to open a company in Singapore, the first step you need to take is to choose a name for your business. You need to submit a name application through ACRA’s online business registration and filing portal Bizfile. The Accounting and Corporate Regulatory Authority (ACRA) does the name approval. The ACRA can refuse … Continue reading How to Choose a Company Name in Singapore
What are the Pros and Cons of Setting up a Singapore Sole Proprietorship
You might get the urge to try your hand in setting up a new business in Singapore. However, before you get your business off the ground, you must choose a business structure that best fits your need. The structure you choose for your business has a great impact on the taxes you pay and many … Continue reading What are the Pros and Cons of Setting up a Singapore Sole Proprietorship
Golden visa boom 2021
In some circles 2020 became the year of the second passport. St. Kitts and Nevis slashed the cost of its golden visa by $45,000 and Russia, a latecomer to the golden visa world, reportedly will soon open to investors looking for a second home. Applicants must prove they are genuine: A language test may be … Continue reading Golden visa boom 2021
BUDGET 2021
Jobs Support The job support scheme (JSS) was first introduced to Singapore in February 2020 to provide wage support for employers to retain their employees. Under the JSS, the Government co-funds the employee’s wages (for up to $4,600), and this was to last until March 2021. Deputy Prime Minister Heng Swee Keat announced that the … Continue reading BUDGET 2021
Singapore unveils the Tech.Pass
Singapore is in a race to attract top foreign tech talent and in its pursuit, launched a new work pass called Tech.Pass in January 2021. This work pass will be valid for two years and is renewable for another two years. Tech.Pass holders will be able to open and operate a business and be appointed … Continue reading Singapore unveils the Tech.Pass
Singapore’s courtship of billionaires paying off
Google co-founder Sergey Brin will be setting up a family office in Singapore, joining a sizeable pool of billionaires that have done the same. Singapore is now home to more than 200 family offices and around US$20 billion assets under management. It is no coincidence that many wealthy individuals have chosen to manage their assets … Continue reading Singapore’s courtship of billionaires paying off
Quarantine-free business travel
Singapore was meant to roll out a pilot programme for short term business travelers to stay here without quarantine. However, this has been delayed till the end of February. This unique travel lane called Connect@Singapore was supposed to be introduced in late January. Currently, the facilities earmarked for this scheme called Connect@Changi, namely the Singapore … Continue reading Quarantine-free business travel
Hybrid AGM Meetings will become the new normal
Annual General Meetings had to be conducted virtually as a part of the Covid-19 preventive measures. This resulted in a decrease in attendance for Singapore listcos by 70% compared to 2019. There are a number of factors that could have contributed to this. Some of the shareholders may not be digitally savvy. In addition to … Continue reading Hybrid AGM Meetings will become the new normal
Singapore brand mark will distinguish local products
A Singapore brand mark was introduced in November last year. Then brand mark’s aim is to provide assurance to overseas buyers of quality and will help command premium pricing. The introduction started with food and beverage (F&B) products, beauty and wellness, fashion and accessories, as well as homeware and décor. The focus on quality will … Continue reading Singapore brand mark will distinguish local products
The Regional Comprehensive Economic Partnership (RCEP)’s impact on Singapore
The world’s largest trade pact, the Regional Comprehensive Economic Partnership (RCEP), was penned on 15 November 2020. It involves all ten ASEAN members (Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, Brunei, Cambodia, Myanmar, Laos), China, Japan, South Korea, Australia and New Zealand. The trade pact brings about many benefits for Singapore and businesses that are established … Continue reading The Regional Comprehensive Economic Partnership (RCEP)’s impact on Singapore